But now a Chinese company will not be allowed to acquire a company for $1 billion or more that is not in their core business, suggest new Chinese regulations leaked to the Chinese media.

Under the buyout deal, Ingram Micro would become a subsidiary of China-based HNA Group specializing in logistics, aviation, financial services and tourism. HNA is a major shareholder of Tianjin Tianhai, which focuses on shipping, logistics and financing.

California-based Ingram Micro would be outside the Chinese companies' core business because it is an information technology company.

Below is a partial copy of the photographed document said to be from the People's Bank of China conference record, indicating the central government likely has already passed the regulation on to the bank. It's not perfectly clear whether the restrictions would institute an actual ban or more intensive scrutiny, but the economic issues demand that China reduce its capital outflow:

This is primarily targeting six types of foreign investments through supervision and control. Filing and approvals are not permitted (unless with the approval of the appropriate departments).

The measures have been approved by the State Council, the Ministry of Commerce, Development and Reform Commission is responsible for the implementation of concrete measures will soon be issued.

Six categories of business include:

1) State-owned enterprises purchase or develop large-scale real estate with Chinese investment of US $ 1 billion and above; large-scale mergers and acquisitions of non-core businesses with Chinese investments of US $ 1 billion and above; and Chinese investments of US $ 10 billion and Of the large amount of foreign investment projects; investment in the amount of 1 billion US dollars (inclusive) or more non-main projects large M & A investment projects;

..With regards to existing investment projects which are approved by the National Development and Reform Commission, the guideline mentioned above should be followed.

Our interpretation, along with that of reputable third-party Chinese speakers, is that other government departments must follow the "no filings" and "no approvals" guidelines. The exception would be if undefined "relevant departments" have already approved the foreign investment.

The South China Morning Post states the ban would be effective from now until September of next year.

The declining value of the yuan, as documented in numerousnewsstories, has pressured China to cut down on assets flowing out of that country.

Since the documents are in Chinese and have just been leaked, we believe very few U.S. investors are aware of the regulations that could doom Ingram Micro's acquisition.

*2. Other Chinese Buy-Outs Suffer

The leaked documents reached the ears of some investors in Changzhou, China-based Trina Solar (TSL), a billion-dollar company which sells solar products to power plants and grid operators.

The company had received a definitive agreement from the parent company to pay $11.60 for each American depositary receipt. Trina called a Dec. 16 shareholder meeting to vote on the merger that would take the company private.

The stock had been trading around $10.33 over the past month but reacted quickly following a couple of tweets Nov. 28 about questions raised by the leaked documents:

(Source: Twitter)

... and the price is still down significantly.

Airgain (AIRG): Epic Rise, Epic Decline

by Sonya Colberg, Senior Editor, 11/29/2016 10:45:23 AM

TheStreetSweeper issues an alert for investors of Airgain (AIRG), a recent IPO that is prepared to wipe away a ton of shareholders' stock value.

Investors bought into the wireless network antenna distributor when it first offered its stock to the public last summer. The stock has flown nearly 200% in the last three months.

But now the company is planning a massive follow-on offering. Yes, another stock sale already after the generation of $40.4 million from private stock sales, convertible notes and the IPO. Investors are witnessing the relative calm before the storm of shares hit the market and spark a stock price decline.

Below are TheStreetSweeper's top six reasons this stock is looking to get smashed:

1. No Thanks

Airgain filed a registration statement at 5 p.m. Nov. 23, shortly after most investors took off for the Thanksgiving break.

Airgain will be able to sell $20 million worth of stock, with another $6 million for the underwriters' option. Insiders will also be able to sell $20 million in stock ... and all those proceeds go to those stockholders rather than Airgain.

At the current price, about 2.3 million shares may be released into the market.

To be sure, the 10-K offered investors little reason to sing. For starters, the filing reveals, this once-hot “coffee company” sells no coffee of its own at all. JAMN relies on a supplier based in frigid Canada – far away from the tropical Jamaican home of its co-founder Rohan Marley – to provide the company with an actual product to sell to its customers instead.

Back in April of 2010, JAMN inked a “supply and toll agreement” with Canterbury Coffee of British Columbia that gave it access to some brew. According to that agreement, JAMN relies on Canterbury to fulfill every role – save a minor one – normally satisfied by a firm that classifies itself as a coffee company. Canterbury purchases the coffee beans. It roasts them. And it then packages them in bags supplied by JAMN – the company’s only real product – for sale to the public.

Jammin Java (JAMN): Hot Stock ... Bitter Aftertaste?

by Janice Shell, 6/2/2011 10:30:25 AM

It’s time to wake up and smell the coffee! That’s exactly what Jammin Java (OTC: JAMN.OB), a heavily promotedcoffee company, and – for very different reasons – TheStreetSweeper would like investors to do.

CCME: Few Signs of Life at 'Healthy' Chinese Firm

* Editor's Note: This story has been republished with permission from The Financial Investigator. To access the original article, complete with links to back-up documents, click here.

In the maze of thronged and narrow streets that makes up Fujian province’s capital city of Fuzhou, a deft driver, if he’s willing–as all Chinese drivers apparently are–to nearly kill or injure vast numbers of his countrymen can take you to the foot of Dongjie street. There was little reason to be there save for its having the headquarters of a company called China MediaExpress Holdings (Nasdaq: CCME), an enterprise that seems to be able to weather allegations about its business that would have forced the share price collapse of a company five times its size. The attention of bulls and bears is not misplaced: In a mere four years as a public company, it has apparently come to dominate the ad placement market for leading multinational consumer products companies on a network of what it claims is more than 27,000 buses on Chinese airport and intercity routes.

Also, and this cannot be understated, hanging out on a sidewalk in Fujian–the sidewalks double as parking spots when the streets, which appeared to have been designed in the Han Dynasty, fill up–was not a viable option. There was also the matter of the world-class headache the Financial Investigator was developing from Fuzhou’s diabolical smell, an epic conflation of poor sewage treatment, air pollution and the smell of cabbage that made getting the hell off Dongjie street a matter of vital importance.

The Financial Investigator and his traveling companion for the trip, an American investor with extensive experience in China, decided to head upstairs despite our interview with the CFO having been cancelled at the last minute (with no explanation given.) We thought a quick tour of the offices and meeting a few other executives might open our eyes to a few things.

It did.

Though the language barrier was a little steep with the young receptionist–when we asked for writing paper, she provided Kleenex–we were in short order shown to their conference room and told to wait. It did not escape notice that pride of place in the conference room belonged to a framed certificate of participation from the Fall 2010 Rodman & Renshaw conference, the World Cup for reverse merger companies and the pumpers and touts who peddle them.

Eventually chief operating officer James Yu came down and after spending 30 minutes trying to understand who we were, concluded that giving us a tour wouldn’t hurt. Soon enough, his colleague, Vinne Ye–the chairman’s assistant–came out and took us around.

CNBC on TheStreetSweeper's coverage of Miller Energy Resources: (MILL): "Melissa Davis at TheStreetSweeper … wrote a piece on this thing that obviously scared investors a little bit … It was an excellent reporting job (and) has moved the stock dramatically."Watch the VideoRead the MILL Story

Investors must be properly armed in order to protect themselves against the dangers of Wall Street. To help out, The Street Sweeper has mined the Internet for the most powerful weapons available to investors researching publicly traded companies. In our “Loaded Weapons” section, you’ll find direct links to corporate documents filed with the SEC, conference call transcripts published by Seeking Alpha, insider stock sales tracked by Insider-Monitor.com and popular investment tools offered by Yahoo! Finance. You can also identify the promoters behind current penny stock campaigns – and the compensation they are receiving – by connecting to StockPromoters.com. You can link to other websites that are conducting topnotch stock investigations as well. Click here now.

Rap Sheet

When investors begin their homework on small-cap companies - particularly on penny stocks - they should probably start with an important history lesson. Specifically, they should conduct background checks on their stockbrokers and the companies those brokers are touting.

The Street Sweeper has designed a cheat sheet of sorts to help out with this research. Our “Rap Sheet” section links to a free tool (sponsored by FINRA) that allows ordinary investors to review the backgrounds of individual stockbrokers and their brokerage firms. The section also links to whistleblower cases and class-action lawsuits targeting publicly traded companies. It provides access to recent news of SEC enforcement actions and FBI white-collar crime investigations as well.